Active
3901 Highland AVE
MANHATTAN BEACH CA, 90266
$10,995,000
$1,161.53 per sqft
Active
5 Beds
5 Baths
9,466 sqft
Residential
Built in 1961
3901 Highland Ave is a trophy asset situated in the sand section of Manhattan Beach in El Porto. The property currently consists of 14 units with a beautiful courtyard and ocean views from multiple units and the outside decks. The current 9,466 SF building sits on a 6,621 SF lot west of Highland Ave providing easy access to the beach and nearby top-tier retail and restaurants. This property is zoned to permit short-term rentals with the potential to generate $1.8M annual revenue (Estimated STR data obtained from AIRDNA - which is the #1 platform for short-term rental data). It has a market cap of 8.15% operating as an AirBNB and offers any buyer the potential to own one of the hottest short-term rental properties in the Beach Cities. Alternatively, it has the potential to build 3 ADUs to maximize rental income. With its A+ location and upside potential, 3901 Highland Ave is a rare opportunity to add a legacy property to your portfolio at a great price and collect income at a strong CAP Rate for years to come while enjoying long-term appreciation. *Seller Will Entertain a Straight Trade or Trade Plus $$$
PW24057517MR
MLSⓇ ID
March 22, 2024
Listed
May 10, 2024
Updated
Map
3901 Highland AVE
MANHATTAN BEACH CA, 90266
Interior Features
Total Stories
3
Bedrooms
5
Total Bathrooms
5
Laundry Description
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Manhattan Beach Sand
Days on Market
48
Garage
Yes
Garage Spaces
13
Parking
Assigned
Parking Total
15
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNCNE
Listing History
Date | Event | Price |
---|---|---|
5/8/2024 | Price Change | $10,995,000 -7% |
Listed by Woody Stahl with Lyon Stahl Investment Real Est
Listing Contact: 310-425-9838
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Di Prizito Group, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/10/2024